Who appoints designated partner in LLP?

Introduction : Limited Liability Partnerships (LLPs) have gained popularity as a flexible and efficient business structure. In an LLP, the role of a designated partner is crucial for compliance and management. In this blog, we will explore the process of appointing a designated partner in an LLP and understand the key stakeholders involved in this appointment. Understanding the Designated Partner : A designated partner in an LLP holds a pivotal position, responsible for the management and compliance of the partnership. As per the LLP Act, 2008, every LLP must have at least two designated partners, one of whom must be […]